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FAIR VALUE MEASUREMENT OF ASSETS AND LIABILITIES (Tables)
12 Months Ended
Mar. 31, 2016
Fair Value Disclosures [Abstract]  
Summary of activities related to contingent consideration
The following table summarizes the activities related to contingent consideration:
 
As of March 31,
 
2016
 
2015
 
(In thousands)
Beginning balance
$
4,500

 
$
11,300

Additions to accrual
84,261

 
4,500

Payments and settlements
(19,008
)
 
(11,300
)
Fair value adjustments
3,670

 

Ending balance
$
73,423

 
$
4,500

Schedule of financial assets and liabilities measured at fair value on a recurring basis
The following table presents the Company's assets and liabilities measured at fair value on a recurring basis as of March 31, 2016 and 2015:
 
Fair Value Measurements as of March 31, 2016
 
Level 1
 
Level 2
 
Level 3
 
Total
 
(In thousands)
Assets:
 

 
 

 
 

 
 

Money market funds and time deposits (Note 2)
$

 
$
1,074,132

 
$

 
$
1,074,132

Deferred purchase price receivable (Note 10)

 

 
501,097

 
501,097

Foreign exchange forward contracts (Note 8)

 
22,648

 

 
22,648

Deferred compensation plan assets:
 
 
 
 
 
 
 
Mutual funds, money market accounts and equity securities
9,228

 
40,556

 

 
49,784

Liabilities:
 
 
 
 
 
 
 
Foreign exchange forward contracts (Note 8)
$

 
$
(21,091
)
 
$

 
$
(21,091
)
Contingent consideration in connection with acquisitions

 

 
(73,423
)
 
(73,423
)

 
Fair Value Measurements as of March 31, 2015
 
Level 1
 
Level 2
 
Level 3
 
Total
 
(In thousands)
Assets:
 
 
 
 
 
 
 
Money market funds and time deposits (Note 2)
$

 
$
674,859

 
$

 
$
674,859

Deferred purchase price receivable (Note 10)

 

 
600,672

 
600,672

Foreign exchange forward contracts (Note 8)

 
25,829

 

 
25,829

Deferred compensation plan assets:
 
 
 
 
 
 
 
Mutual funds, money market accounts and equity securities
9,068

 
37,041

 

 
46,109

Liabilities:
 
 
 
 
 
 
 
Foreign exchange forward contracts (Note 8)
$

 
$
(31,057
)
 
$

 
$
(31,057
)
Contingent consideration in connection with acquisitions

 

 
(4,500
)
 
(4,500
)
Schedule of certain long-lived assets measured at fair value on a nonrecurring basis
The Company has certain long-lived assets that are measured at fair value on a nonrecurring basis, and are as follows:
 
Fair Value Measurements as of March 31, 2016
 
Level 1
 
Level 2
 
Level 3
 
Total
 
(In thousands)
Assets:
 
 
 
 
 
 
 
Assets held for sale
$

 
$
5,576

 
$

 
$
5,576

Schedule of liabilities not carried at fair value
The following table presents the Company's liabilities not carried at fair value as at March 31, 2016 and 2015:

 
As of March 31, 2016
 
As of March 31, 2015
 
 
 
Carrying
Amount
 
Fair
Value
 
Carrying
Amount
 
Fair
Value
 
Fair Value
Hierarchy
 
(In thousands)
 
(In thousands)
 
 
Term Loan, including current portion, due in installments through August 2018
$
577,500

 
$
573,533

 
$
592,500

 
$
582,131

 
Level 1
Term Loan, including current portion, due in installments through March 2019
547,500

 
542,709

 
475,000

 
465,500

 
Level 1
4.625% Notes due February 2020
500,000

 
524,735

 
500,000

 
523,750

 
Level 1
5.000% Notes due February 2023
500,000

 
507,500

 
500,000

 
543,150

 
Level 1
4.750% Notes due June 2025
595,589

 
604,926

 

 

 
Level 1
Total
$
2,720,589

 
$
2,753,403

 
$
2,067,500

 
$
2,114,531